Description

Course Aim

This course will provide those involved in identifying and mitigating the threat posed by financial crime a detailed overview of the nature and parameters of such crime (which are necessarily broad in scope) and the tools, processes and mechanisms needed to tackle the complexity of financial crime.

Who Should Attend

This course is aimed at a wide range of people since financial crime impacts upon every sector and at every level. Thus, whilst it will be of specific relevance to those individuals who operate in a fraud or financial crime related role, it is also relevant to any member of an organisation since the majority of such crimes are detected by tips from non-specialised but observant personnel. Thus, it would be of value to those working in Law enforcement and Government, Private Sector, Banking and Insurance and Real Estate.

Course Objectives

This course aims to increase and enhance delegates’ understanding of the various financial crime threats which impact upon the organisations, sectors and regions in which they operate and provide them with the tools to mitigate those threats. It assumes no prior knowledge of the subject but ensures through a high level of interactivity that delegates with any level of experience in the field will be able, share and receive the collective knowledge of the group.

Course Outline

The nature, scope and impact of Financial Crime including the role and utility of the Fraud Triangle (Incentive, Opportunity and Rationalisation) and perpetrator characteristics

Impact of market deregulation on the creation of large multinational institutions and the increased globalised risk management vulnerability

Typologies including investment fraud, mass marketing fraud, insurance fraud, loan and mortgage fraud and money laundering and corruption vehicles

Real world risk detection and management stratagems including fraud controls, systems and practices.

Regional focus on fraud including common typologies, typical perpetrators, detection, losses and response

Identity Theft and Cybercrime including the targeting of organisations and individuals for parcels of information which can facilitate abstraction of customer data

Bribery and Corruption and their impact upon the facilitation or disguising of financial crime

The Legislative and Regulatory Framework with a focus upon the most relevant region(s) for delegates and a comparative analysis of other best practice jurisdictions

Creating an elective and constantly evolving fraud response plan

Money Laundering as a component of financial crime including the typical three stages of placement, layering and integration

Money laundering risks and new technologies (such as internet banking), money laundering risks in structures designed to hide beneficial ownership (such as shell companies) and money laundering and terrorist financing (such as informal value transfer systems)

Mitigating the money laundering risk through Customer Due Diligence and Enhanced Due Diligence, identifying beneficial owners and Politically Exposed Persons

Mitigating the money laundering risk through Customer Due Diligence and Enhanced Due Diligence, identifying beneficial owners and Politically Exposed Persons

Money laundering typologies within a broad geographical context with the identification of key trends and lessons learned from experiencing them

Anti-money laundering compliance standards

Anti-money laundering compliance programmes including the determination of risk, policies, training and customer due diligence, suspicious or unusual transaction monitoring and reporting

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Financial Crime

By Global Risk Alliance Ltd

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